To BSE Limited Corporate Relations Department 1st Floor, New Trading Ring P.J. Towers Dalat Street Mumbai-400001 Script Code: 531409 Subject: Outcome of Board meeting held on ....
Awaiting price reaction for this filing.
Alchemist Corporation's board, meeting on September 5, 2025, approved the re-appointment of Sudhir K & Associates as Internal Auditors for FY 2025-26 and A. K. Chaudhary & Associates as Secretarial Auditors for a 5-year term till FY 2029-30. It also recommended appointing Krishan Rakesh & Co. as Statutory Auditors for 5 years, subject to shareholder approval at the upcoming AGM. The board approved a major alteration to the Object Clause of the Memorandum of Association, expanding the company's permitted business from real estate to IT, software development, e-commerce, fintech, AI, data centres, and digital services — essentially a strategic pivot toward technology businesses. The 32nd AGM was scheduled for September 30, 2025, to be held via video conferencing.
The MOA overhaul signals a likely strategic shift from legacy real estate activity into IT and digital businesses, which could reshape the company's future revenue profile. Auditor re-appointments are routine compliance items and unlikely to move the stock on their own. Watch the AGM for shareholder approval of the new statutory auditor and the MOA changes.